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Zakaat on Provident Funds

Answered as per Hanafi Fiqh by Askmufti.co.za

Q: Is zakaat is payable on a provident fund that hasn’t matured as yet?

A. There is no Zakaat on a provident fund, for this money only becomes the property of someone when it is paid out. Prior to that it remains the property of the company for which one works.

And Allah Knows Best.

Mufti Siraj Desai

This answer was collected from AskMufti.co.za, which is operated under the supervision of Mufti Siraj Desai of Darul-Uloom Abubakr, South Africa.

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